Lenny Feil

Broker-Owner | Lic# 471005412

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$ 565,000

$ 584,900 3.4%

Est. payment | -/mo

8 Beds

4 Baths

21,127 SqFt

$ 565,000

$ 584,900 3.4%

Est. payment | -/mo

8 Beds

4 Baths

21,127 SqFt

Key Details

Sold Price $565,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 21,127 sqft

Price per Sqft $26

MLS Listing ID 837842

Sold Date 05/22/26

Bedrooms 8

Full Baths 4

Year Built 1968

Annual Tax Amount $8,189

Tax Year 2024

Lot Size 0.485 Acres

Acres 0.485

Property Sub-Type Quadruplex

Property Description

Fully brick 4-unit investment opportunity offering strong cash flow potential with value-add upside. Each unit features 2 bedrooms, 1 bathroom, and approximately 1,080 square feet with identical, functional layouts. One unit has been updated with additional improvements throughout the property, while current rents remain below market, providing immediate upside for investors. The building sits on a corner lot just minutes from a main corridor with shopping, dining, and everyday conveniences. Each unit includes a private rear balcony and an attached garage space accessed through a drive-down basement, a rare amenity that adds tenant appeal and retention. The property includes a mix of long-term and newer tenants, offering both stability and opportunity for rental growth. Tenants are responsible for their own heat and electric, while the owner covers water, sewage, and common utilities, keeping operations straightforward. This is a solid addition to any portfolio with strong fundamentals, desirable unit sizes, and built-in potential to increase returns.

Location

State IN

County Lake

Interior

Interior Features Entrance Foyer

Heating Forced Air

Fireplace N

Appliance Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range

Exterior

Exterior Feature Balcony

Garage Spaces 4.0

View Y/N true

View true

Building

Lot Description Corner Lot, Front Yard

Story Two

Others

Tax ID 451204428001000030

SqFt Source Assessor

Acceptable Financing NRA20260427130906435628000000

Listing Terms NRA20260427130906435628000000

Financing Cash

Pets Allowed No

Listed by Better Homes and Gardens Real • Drake Phillips
Bought with Better Homes and Gardens Real

Nearby Locations

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Lenny Feil

Broker-Owner | Lic# 471005412

lenfeil@yahoo.com

+1(708) 870-0514

4155 147th St Midlothian, Midlothian, IL, 60445, USA

135 W 57th AVE Merrillville, IN 46410

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Key Details

Location

Interior

Exterior

Building

Others

135 W 57th AVE